How many new millionaires on GV?  Congrats to everyone who's made a fortune here. Please share some discount codes for the rest of us plebs!

Welcome to Indian Startups's Private Community

How many new millionaires on GV?

Congrats to everyone who's made a fortune here. Please share some discount codes for the rest of us plebs!

Urban Company ESOP Buyback

Business Analyst

Urban Company ESOP Buyback- Grapevine

Hi GVers,
For those who've seen their company IPO (Zomato, Nykaa, PayTM, Delhivery etc.) during their tenure, by how much did you ESOP value appreciate after the IPO? Also, how long before the IPO had you joined the company?

For those who've seen buybacks and secondary sales in their company
How much did your ESOP value appreciate during such events, if any? How long ago before the event had you joined the company?

PS: I've heard ESOP value for some IPO borne companies appreciate by 2x after the IPO.

Wealth creation from ESOP

Strategy Consulting

Urbancompany announces its biggest ESOP buyback of  203Cr where 446 employee will participate. 
In the era of layoffs be a UC 🙃

UC announces its biggest ESOP buyback

Software Engineer

Truths about ESOP 101 

After working in multiple fast growth startup’s and having been part of multiple buybacks as well as being in the startup ecosystem for a decade I want to put to bear my pov about creating wealth through ESOP. 

Like any other randomised event, ESOP also follows Pareto principle which means a very small number of people within the company ever make sizable wealth that they elevate to the top 0.1% of the country. 

The Pareto also applies with companies; significantly small minority of companies in India have employee friendly policies which enables an employee to create wealth. 

Most startup’s have dark patterns within their esop policy which either locks you in for insufferable durations or forces you to pay exorbitant taxes to gain the right to exercise your esops when you are leaving the company. 

Survivorship bias plays a huge role in enabling the narrative that esop is a great wealth generating tool leading to rude awakening for an employee after they join a company. 

This doesn’t mean you can’t make wealth, it just means don’t get carried away by narratives and take preventable errors in your career. 

Always talk to multiple people in startup’s and ask relevant questions to understand esop policies better. 

Like everything else optimising only for esop for wealth creation will mostly not result in it.

Unmasking ESOP wealth!

Consultant

Where did you work and how much money did you make?

Asking as it looks like a lot of promise of ESOPs and wealth creation has failed employees in this bloodbath slow growth, layoffs, and job changes.

"ESOPs made me rich af"

I have had ESOPS in 2 companies 
#1 - company got acquired ..I got 45 Lacs IN ESOP ...thats 1.5X of my last annualized salary  ( so additional salary for 18 months) 
#2 - Company became unicorn ... I quit and company bought my ESOPs . Got 2 Cr
That is 3X of my annualized salary

Company 1 - I had joined at very early stage ; Company 2 - I joined at mid-stage

UX/UI Designer

It's always something to look forward to in a startup. But wanting to know if it's actually meaningful. Are you making good money from it? Anybody around you who is making good money from it. 

This would really help a lot of us in startups know what to expect 🙏

People at Meesho, can you share experience on ESOP buyback?

Product Manager

Fast learning and fast paced growth aside, after 15 years of MNC experience  I joined a startup to get some ESOPs.. and hopefully a good buyback ..

I have worked in 2 startups now.Both of these were already  Unicorns when I joined .


While I love the culture and dynamic pace of a startup 
i feel my chances of getting a payout  are slim...

My personal learning is to get a good reward you have to be in top 10 employees for sure ... otherwise it's not worth it ..

There is no point joining a Unicorn in middle management...or second in command in any function...

Happy to hear your thoughts !

Share your ESOP buyback story..

Founder

Welcome to Product Managers's Private Community

Hey everyone, excited to be doing this AMA!

A brief about me, I work currently as a Director of Product at an Indian unicorn startup 

About my career: 
- Did my undergrad from IIT and then masters from an Ivy league school
- Have been in product for almost 10 years now - across 2 Indian unicorn startups and a publicly listed company

Would love to take questions on what it means to be a PM, growing within the role, building your career, and other things :) 

Will be back here at 4 pm and start replying
Shoot away!

AMA 🎙️: Hey all, I am pmsprint, Director of Product Management at a Unicorn in India!

Welcome to News Discussion's Private Community

So Bewakoof got acquired by Aditya Birla group and sent a mail to employees that their ESOPs are now worthless “as determined by the board.”
I mean, I know what they’re doing is completely legal, they must have covered themselves with escape clauses, but how are founders okay with this? They basically ripped off and wiped off the wealth of the very employees that worked for them for years. Shameful, man! Never buying from this shit company again. Not that it will matter, but won’t give a penny to this hideous organization.

<Rant on Bewakoof.com> Employees got nothing for their ESOPs

Headline : 39 employee owners at EazyDiner just became millionaires, from the driver to the CEO!

We have just paid out the first tranche of 2 crores to our… | 284 comments on LinkedIn

Kapil Chopra on LinkedIn: Headline : 39 employee owners at EazyDiner just became millionaires, from… | 284 comments

Anyone here from Eazydiner team? Is this true? Have you received liquidity for your ESOPs? If so let us know your experience.

Growth Manager

Looks like everyone except for me has made a ton of money due to esops. How do I deal with this 😣

Product Designer

Meesho ESOPs

How many real startup or companies were able to convert esops to RSU or real money? Can anyone share their success stories for wealth creation.

Esops to RSU

Lawyer

Need help with understanding which are the top series B, C startups in Bangalore with huge growth potential?

Will name a few:
Flobiz
Vyapar
Velocity (series A I guess)
What else?

Top series B,C SaaS startups in Bangalore?

Would you rather sell at a devaluation and access liquidity or hope that next buy back allows you greater rewards?

Swiggy ESOP buy back: anyone has the scoop on this?

1. What’s the valuation at which buyback is offered? How low compared to last funding round?
2. Is this a buyback or secondary sale?
3. Upper cap on how much can someone sell?
4. Is everyone allowed to participate who has vested stocks?
5. Any other rules?
6. Are you happy?

Meesho Buyback Details

At an early stage startup that is VC funded. Had posted a question on understanding esops which provided great clarity. Now curious as to how much people actually have ended up making from ESOP buybacks. Would be great if you can share- initial exercise price, quantum of esops and final price at which you sold. I currently have 25L in esops for a 2M$ funded company at a strike price of 10.

Urban Company ESOP Buyback

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